CII.II. Return on total assets (ROA) isa common measure of profitability. Thehistorical average is about 7.0 percent.

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CII.II. Return on total assets (ROA) isa common measure of profitability. Thehistorical average is about 7.0 percent. The historical yield on corporate bonds is about 6.6 percent. Why is the ROA so low? Would not investors expect more than a 0.4 percent higher return on risky operations?

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Financial Statement Analysis And Security Valuation

ISBN: 9780071267809

4th International Edition

Authors: Penman-Stephen-H, Steven Penman

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